Natural Person


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Natural Person

 

a term used in the legislation of many countries to designate a person having civil rights and duties. The natural person is contrasted with the legal person, an organization having civil rights and obligations. Soviet civil legislation does not employ the term “natural person,” substituting the word “citizen.” To participate in legal relationships a citizen must have formal legal capacity.

References in periodicals archive ?
One or more shareholders are required, which can be legal or natural persons.
It took a certain amount of chutzpah (Yiddish for unmitigated gall) to argue that a limited liability company is a natural person and was intended to be insured by the insurer.
9) Also, legal fiction typically does not define the legal personality of a geopolitical entity or a natural person.
The legislative history of this "agent" exception explains that it was intended to exclude from the sweep of section 72(u) any annuity "the nominal owner of which is a person who is not a natural person (e.
In order to understand the role that natural person powers play in the day-to-day government of an Alberta municipality, one must first know how such a municipality operates.
38) A $50,000 fee threshold applies if substantially all the tax benefits from the RT are provided to natural persons.
78u-2(b)(2) -- $60,000 for a natural person and $300,000 for any other person.
An illustrative, if imperfect, analogy to a merger is a marriage between two natural persons.
A member of the board, though a natural person, can do nothing about your grade by herself.
in the circumstances foreseen in letter (b) of article 9 of the Transparency Law, the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
Any other natural person the SEC determines by rule to have professional knowledge related to an investment and whose education and job experience is verified by FINRA or another self-regulatory body
The district court granted the motion, concluding that the Act allowed lawsuits against "an individual," which only extended to natural person.